News Archives - Page 93 of 138

TuesdayJan 02, 2024 2:12 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Leveraging Momentum Based on ‘Successful Execution of Growth Strategy’

SuperCom Ltd. (NASDAQ: SPCB), a leading global provider of traditional and digital identity solutions, recently reported positive financial and operating results for the third quarter of the 2023 financial year (“Q3 2023”). “Revenue for Q3 2023 stood at $6.8 million, up from $6.3 million in Q3 2022. Gross profit saw an 89% year-over-year (‘YOY’) growth to $4.0 million from $2.1 million in 2022, while operating income improved by 200% to $0.8 million, up from a $0.8 million operating loss the previous year. For the nine months ending Sept. 30, 2023, SuperCom’s revenue grew by 67%, with gross profit seeing a…

TuesdayJan 02, 2024 1:23 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Delivers 50 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its delivery of 50 additional Class 1 EV cargo vans to Randy Marion Automotive Group (“RMA” or “Randy Marion”), invoicing RMA for $1,681,750. To date, Mullen has delivered 100 Class 1 cargo vans for a total invoiced amount of $3,363,500 and is on target to deliver a total of 285 Class 1 vehicles by Jan. 8, 2024. “We ended 2023 with an emphasis on delivering Class 1 and Class 3 vehicles and are now ramping up production to meet the commitments we have for the 2024 demands of…

TuesdayJan 02, 2024 12:40 pm

TechMediaBreaks — SenesTech Inc. (NASDAQ: SNES) Announces Expansion of Distribution Agreement in UAE

SenesTech (NASDAQ: SNES), the leader in fertility control to manage animal-pest populations, is expanding its distribution agreement with Pesterminators Pvt Ltd. According to the announcement, the agreement will now include the deployment of Evolve(TM) and will also extend the territory covered through the agreement into the United Arab Emirates (“UAE”) market through TCS Global for General Trading LLC, a subsidiary of Pesterminators. The announcement noted that strict measures have been implemented by the UAE regarding the use of harmful chemicals, with regulations prohibiting the importing, handling and trading of pesticides without permission, as well as limitations on the use of poisons…

FridayDec 29, 2023 3:24 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Supports Near-Term Quantum Application Development Highlighted in Recently Signed NDAA

D-Wave (NYSE: QBTS), a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers, commends the U.S. government’s policy makers for including a quantum pilot program focused on near-term quantum computing applications in the National Defense Authorization Act (“NDAA”). The act was passed by Congress and signed into law by President Biden on December 22, 2023, establishing a program focused on near-term applications development to solve problems facing the Department of Defense (“DOD”) including the Armed Forces. “We applaud Congress and the Administration for taking this critical step to accelerate the use of…

ThursdayDec 28, 2023 12:45 pm

TechMediaBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Investors Convert $3.55M Debt to Equity

Freight Technologies (NASDAQ: FRGT), a technology company that offers the proprietary Fr8App platform, announced that its investors have converted millions of dollars of convertible debt to equity. According to the announcement, investors converted approximately $3.55 million in convertible notes into equity in the form of preferred shares. Fr8App is an industry-leading, freight-matching platform powered by artificial intelligence (“AI”) and machine-learning that offers a real-time portal for business-to-business (“B2B”) cross-border shipping and domestic shipping within the United States-Mexico-Canada Agreement (“USMCA”) region. “The conversion is very positive news for the company,” said Freight Technologies CEO Javier Selgas in the press release. “The amount…

ThursdayDec 28, 2023 12:03 pm

TechMediaBreaks — Electronic Servitor Publication Network Inc. (XESP) Completes Pointward Inc. Merger, Adds to ‘Formidable’ Portfolio

Electronic Servitor Publication Network (OTCQB: XESP), a digital engagement company, has finalized its merger with Pointward Inc., a Delaware intellectual property holding company, for its channel-activation and customer-engagement assets. The company announced that the merger includes Pointward’s intellectual property, which consists of proven models, methods, protocols, tools and technologies designed to identify audience segments and engage each segment with customized content to create relevant, one-to-one digital relationship pathways. According to the announcement, the company plans to leverage Pointward’s IP portfolio to enhance its managed service product and to gain the capability and expertise to serve both highly regulated and unregulated markets.…

ThursdayDec 28, 2023 11:23 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Delivers 50 Class 1 EV Cargo Vans to Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced delivery of 50 all-electric Mullen ONE, Class 1 cargo vans to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the company invoicing RMA for $1,680,000. Mullen anticipates shipping and invoicing a total of 285 Mullen ONE cargo vans within the next five business days to RMA. “With the advance of last-mile delivery and the growth of in-home services, the Mullen ONE EV cargo van is in strong demand,” said Brad Sigmon, fleet vice president at Randy Marion Automotive. “The Mullen ONE is an extremely versatile offering and…

WednesdayDec 27, 2023 2:44 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Completes Solid-State Polymer Cell to Pack Development, Commences Class 1 Battery Pack Testing

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the successful completion of solid-state polymer cell to pack integration for the Mullen ONE Class 1 EV cargo vans. Having completed pack development, the solid-state BMS and pack level testing is set to kick off on Dec. 28, 2023. The progress allows Mullen to remain on schedule to begin on-vehicle road testing of the solid-state polymer packs in the Class 1 EV cargo van in the first quarter of 2024. “We continue to make significant progress in fulfilling our commitment to providing the next-generation of battery technology to…

WednesdayDec 27, 2023 2:28 pm

TechMediaBreaks – Electronic Servitor Publication Network Inc. (XESP) Acquires Assets of PhiTech Management LLC

Electronic Servitor Publication Network (OTCQB: XESP), a digital engagement company, today announced that it has finalized its purchase of the assets of PhiTech Management, LLC, a digital activation and engagement technology company. PhiTech provides customer and content workflow applications that are designed to connect people with customized content through dynamic content provisioning, creating relevant digital relationships. On Dec. 22, 2023, XESP acquired PhiTech’s proven proprietary Digital Engagement Engine(TM), a sophisticated tech stack built on microservices architecture to help companies enhance the reach and lift of their content to targeted and new audiences. “The asset purchase of PhiTech allows XESP to…

TuesdayDec 26, 2023 12:57 pm

TechMediaBreaks – Diamond Lake Minerals Inc. (DLMI) CEO Discusses Bridging Gap Between Digital, Traditional Securities in FinTech Interview

Diamond Lake Minerals (OTC: DLMI), a leading multistrategy operating company specializing in the development and support of digital assets and SEC-registered security tokens, was featured in a recent exclusive FinTech interview. During the interview, Diamond Lake Minerals CEO Brian Esposito talked with host Vince Molinari about the company, which specializes in the development and support of digital assets and SEC-registered security tokens; he also talked about the power and expertise of the advisory board members who are supporting the company. During the interview, Esposito discussed how Diamond Lake Minerals is bridging traditional finance with a digital future. Esposito noted that…

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